Newmont Mining Corp (NEM) price prediction for 2022

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  • 15 October 2022
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aistockpriceprediction.com and DataFortress.cloud are not giving any trading advice. Statistics and opinions stated on this website are purely statistical, and should never be used for real life trading. Form your own decisions and speak with a registered investment advisor before investing.

Predicted price range for Newmont Mining Corp

Our trading algorithm values Newmont Mining Corp (NEM) to be fairly valued.

The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.

NameValue
Our valuationfairly valued
Current trenduptrend
Buy/Sell RecommendationNeutral
Current Price$40.74
60 Day Prediction$41.25
60 Day Pred - Lower Bound$35.57
60 Day Pred - Upper Bound$46.9

Our algorithm predicts the future trend with the linear formula (a*x + b = y):

$ price = 0.015 * nr_days_in_the_future + 40.814

Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.

Historic price development

NEM traded at $40.74 this Saturday October 15th, loosing $-1.17 or -2.87 percent since last week.

Looking back, over the last month, NEM has been loosing $-2.06 or -5.06 percent.

Over the last year, it has been loosing $-16.42 or -40.3 percent.

Seasonality of Newmont Mining Corp

Using our AI model, we have been analyzing the value change for Newmont Mining Corp depending on the day or month of a year. This can be seen in the following graph: